Expansion of European Sales Channels

RNS Number : 4927Q

Versarien PLC

18 June 2015

 

18 June 2015

Versarien plc

("Versarien" or the "Company")

Versarien Technologies expands European sales channels

Versarien plc (AIM: VRS), the advanced engineering materials group, is pleased to announce the appointment of Ismosys as the pan European sales and marketing partner for Versarien Technologies Limited, the Company's subsidiary which specialises in advanced thermal management solutions.  Versarien has also appointed two national distributors in Sweden and in Denmark.

The partnership with Ismosys will extend the sales and marketing reach, and customer support, for the VersarienCu™ standard range of heat sink products.  Ismosys has sales representatives based in a number of key European territories, managed from eight regional offices. Ismosys also has an established relationship with Mouser Electronics, one of Versarien's existing global distribution partners.

Under the two additional distribution agreements, Vallentin Elektronik and Satco Komponent will promote the Versarien standard range of heat sink products in Denmark and Sweden respectively.

The Nordic region is currently witnessing a surge in its high-tech electronics industries, which is being created by a burgeoning start-up community and a highly skilled engineering workforce. This new wave of creativity and design is leading to a strong demand for innovative components such as the VersarienCu™ micro-porous metallic copper foam technology, where space is at a premium and performance is crucial.

Vallentin Elektronik and Satco Komponent are both well-established electronic components distributors.  They each have strong reputations for supplying thermal management products to the electronics and engineering industries.

Neill Ricketts, CEO of Versarien, said: "We continue to expand our geographical presence outside the UK and to make further progress in the commercialisation of our disruptive technology.  Since launching our standard range of heat sink products in April we have secured a global distribution agreement in the US with Mouser Electronics.  We anticipate that these latest partnerships will provide us with considerable reach into Europe and the fast evolving Nordic electronic market.  Our product range is ideally suited for the next generation of electronic devices and securing these sales channels demonstrates that we are gaining real momentum."

For further information:

Versarien Plc Neill Ricketts, Chief Executive Officer Chris Leigh, Chief Financial Officer	Tel: [phone] www.versarien.com
Charles Stanley Securities (Nominated Adviser and Broker) Russell Cook / James Greenwood	Tel: [phone]
IFC Advisory (Financial PR and IR) Tim Metcalfe / Graham Herring / Heather Armstrong	Tel [phone]

Notes to editors

Versarien™ plc(AIM:VRS), is an advanced engineering materials group. Leveraging proprietary technology, the Group creates innovative engineering solutions for its clients in a diverse range of industries.  Versarien has three subsidiaries:

Versarien Technologies Ltd. which owns the exclusive rights to a patent-protected additive process for creating advanced micro-porous metals targeting the thermal management industry and manufactures extruded aluminium heat sinks for the electronics and computing industries. www.versarien-technologies.co.uk 

Total Carbide Ltd, a leading manufacturer in sintered tungsten carbide for applications in arduous environments such as the oil and gas industry.  www.totalcarbide.com 

2-DTech Ltd., which specialises in the supply, characterisation and early stage development of graphene products.   www.2-dtech.com

Ismosys, (http://www.ismosys.com/default.htm) is the principal operating division of the pan-European Spectrum Electronics Group, an organisation founded in 1994 to provide sales, marketing and operations support to customers and associated design, manufacturing and software partners. Operating from local offices located throughout Europe, Ismosys represents over 30 manufacturers helping them to meet the demands and challenges of today's technological marketplace by providing customers with unparalleled access to technology, information and service.

Founded in 1977 Vallentin Elektronik (http://www.vallentin.dk/) is a supplier of electronic components and thermal solutions to the electronic industry in Denmark and nearby countries. The company represents over 20 electronics suppliers including Omnivision and Taiyo Yuden. 

Satco Komponent AB http://www.satco.se  is a well-known electronic component distributor to the Nordic and Baltic regions.  The privately owned company was originally esablished in 1920 and is well recognized in both in the military and civilian field.

 About the VersarienCU™ heat sink range

The low profile range is designed for use in passive cooling applications where space is at a premium and performance is crucial. VersarienCu™ heat sinks can potentially be used to cool any Integrated Circuit component, with applications including:

·     Power integrated circuits, high temperature components and transistors

·     Set top boxes, AP routers, cable modems and broadband

·     Optical Networks and LED TV and flat panel displays

VersarienCu™ reduces the potential size requirement of individual components due to increased thermal efficiency.  Where space has traditionally been at a premium the metallic foam now allows for a reduced footprint.  The increased thermal efficiency of the copper foam on the component can allow for a cooling fan to be removed from products, and has the additional major benefit of increasing the life of a component by reducing overheating.

By producing a standard range of off-the-shelf products Versarien is offering this advanced cooling technology to customers at a more competitive price which, together with the improved thermal management capabilities has already resulted in significant interest from large scale users, who are looking for more reliability and functionality for their electronic components.

ENDS

 

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